JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2019 to Sep, 2019 was 21,926 JPY/sq.m. The market value represents a decrease of 1,629 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 596 properties exchanged hands ( The market value represents a decrease of 268 (-31.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 535.0 sq.m (a -2.9% decrease compared to the 551.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

12 stations have experienced increased prices; 16 stations have experienced decreased prices. The overall trend was the same as last year. Fujishiro, Tsuchiura, Oomika, Juuou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Fujishiro station, where prices have increased +67.8% compared to last year; a sq.m unit now costs 19,236 JPY/sq.m.

The top 2 stations has seen prices increase +63.8% (+10,280 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -51.8% (-7,828 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.7% of total transactions in 2018 and 2.7% of total transactions in 2019)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.9% of total transactions in 2018 and 0.5% of total transactions in 2019)

Land stations market overview

The average price of Hitachi Land, the highest market value along this railway was 38,227 JPY/sq.m. The market value represents an increase of 5,534 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents a decrease of 8 (-34.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Minaminakagou Land, the lowest market value along this railway was 3,351 JPY/sq.m. The market value represents a decrease of 4,956 JPY (-59.7%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride19,965 JPYsq.m
(0.0458sq.m)
22,466 JPYsq.m
(0.0167sq.m)
31,130 JPYsq.m
(0.0182sq.m)
Fujishiro19,236 JPYsq.m
(0.0717sq.m)
11,464 JPYsq.m
(0.0653sq.m)
25,924 JPYsq.m
(0.0559sq.m)
Sanuki26,282 JPYsq.m
(0.0339sq.m)
27,951 JPYsq.m
(0.0253sq.m)
20,495 JPYsq.m
(0.0482sq.m)
Ushiku26,779 JPYsq.m
(0.0390sq.m)
24,069 JPYsq.m
(0.0377sq.m)
22,083 JPYsq.m
(0.0440sq.m)
Hitachinoushiku34,856 JPYsq.m
(0.0410sq.m)
38,176 JPYsq.m
(0.0677sq.m)
27,507 JPYsq.m
(0.0582sq.m)
Arakawaoki16,680 JPYsq.m
(0.0522sq.m)
18,088 JPYsq.m
(0.0571sq.m)
26,279 JPYsq.m
(0.0477sq.m)
Tsuchiura22,905 JPYsq.m
(0.0518sq.m)
17,224 JPYsq.m
(0.0680sq.m)
23,819 JPYsq.m
(0.0633sq.m)
Kanndatsu11,564 JPYsq.m
(0.0589sq.m)
13,326 JPYsq.m
(0.0792sq.m)
15,606 JPYsq.m
(0.0862sq.m)
Takahama4,652 JPYsq.m
(0.0883sq.m)
4,975 JPYsq.m
(0.0932sq.m)
6,757 JPYsq.m
(0.0760sq.m)
Ishioka16,374 JPYsq.m
(0.0597sq.m)
16,730 JPYsq.m
(0.0633sq.m)
11,243 JPYsq.m
(0.0604sq.m)
Hatori9,114 JPYsq.m
(0.0630sq.m)
8,800 JPYsq.m
(0.0570sq.m)
4,989 JPYsq.m
(0.0661sq.m)
Iwama8,088 JPYsq.m
(0.0796sq.m)
7,570 JPYsq.m
(0.0789sq.m)
4,155 JPYsq.m
(0.0579sq.m)
Tomobe13,661 JPYsq.m
(0.0786sq.m)
24,362 JPYsq.m
(0.0366sq.m)
17,467 JPYsq.m
(0.0763sq.m)
Uchihara11,108 JPYsq.m
(0.0376sq.m)
17,262 JPYsq.m
(0.0475sq.m)
20,045 JPYsq.m
(0.0380sq.m)
Akatsuka26,821 JPYsq.m
(0.0548sq.m)
25,676 JPYsq.m
(0.0624sq.m)
33,217 JPYsq.m
(0.0401sq.m)
Kairakuenn---
Mito32,683 JPYsq.m
(0.0440sq.m)
35,330 JPYsq.m
(0.0417sq.m)
36,183 JPYsq.m
(0.0615sq.m)
Katsuta34,739 JPYsq.m
(0.0410sq.m)
29,106 JPYsq.m
(0.0539sq.m)
31,592 JPYsq.m
(0.0597sq.m)
Sawa20,858 JPYsq.m
(0.0637sq.m)
27,914 JPYsq.m
(0.0357sq.m)
25,858 JPYsq.m
(0.0905sq.m)
Toukai20,927 JPYsq.m
(0.0667sq.m)
25,116 JPYsq.m
(0.0602sq.m)
36,626 JPYsq.m
(0.0552sq.m)
Oomika27,304 JPYsq.m
(0.0316sq.m)
21,208 JPYsq.m
(0.0494sq.m)
36,009 JPYsq.m
(0.0315sq.m)
Hitachitaga34,578 JPYsq.m
(0.0368sq.m)
34,758 JPYsq.m
(0.0493sq.m)
34,914 JPYsq.m
(0.0348sq.m)
Hitachi38,227 JPYsq.m
(0.0512sq.m)
32,694 JPYsq.m
(0.0536sq.m)
29,599 JPYsq.m
(0.0457sq.m)
Ogitsu20,947 JPYsq.m
(0.0452sq.m)
31,953 JPYsq.m
(0.0318sq.m)
30,772 JPYsq.m
(0.0440sq.m)
Juuou34,186 JPYsq.m
(0.0289sq.m)
21,398 JPYsq.m
(0.0414sq.m)
23,668 JPYsq.m
(0.0520sq.m)
Takahagi8,930 JPYsq.m
(0.0355sq.m)
11,810 JPYsq.m
(0.0579sq.m)
9,023 JPYsq.m
(0.0361sq.m)
Minaminakagou3,351 JPYsq.m
(0.01,087sq.m)
8,307 JPYsq.m
(0.0888sq.m)
8,972 JPYsq.m
(0.01,466sq.m)
Isohara12,562 JPYsq.m
(0.0505sq.m)
10,930 JPYsq.m
(0.0568sq.m)
10,544 JPYsq.m
(0.0836sq.m)
Ootsukou19,091 JPYsq.m
(0.0506sq.m)
16,313 JPYsq.m
(0.0404sq.m)
9,175 JPYsq.m
(0.0167sq.m)

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Fujishiro19,236 JPY/sq.m (+68% compared with the previous year)

The average price of Fujishiro Land was 19,236 JPY/sq.m. The market value represents an increase of 7,772 JPY (+67.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 15 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 716.7 sq.m (a +9.7% increase compared to the 653.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 31.3 min in 2018 and 40.0 min in 2019; +27.9%)

Juuou34,186 JPY/sq.m (+60% compared with the previous year)

The average price of Juuou Land was 34,186 JPY/sq.m. The market value represents an increase of 12,788 JPY (+59.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 6 (-46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 288.6 sq.m (a -30.3% decrease compared to the 413.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 20.2 min in 2018 and 17.0 min in 2019; -16.0%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.7% of total transactions in 2018 and 14.3% of total transactions in 2019)

Minaminakagou3,351 JPY/sq.m (-60% compared with the previous year)

The average price of Minaminakagou Land was 3,351 JPY/sq.m. The market value represents a decrease of 4,956 JPY (-59.7%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1087.3 sq.m (a +22.4% increase compared to the 888.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.2 min in 2018 and 26.9 min in 2019; +56.8%)

Tomobe13,661 JPY/sq.m (-44% compared with the previous year)

The average price of Tomobe Land was 13,661 JPY/sq.m. The market value represents a decrease of 10,700 JPY (-43.9%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 786.1 sq.m (a +114.7% increase compared to the 366.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 27.8 min in 2018 and 24.3 min in 2019; -12.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2018 and 13.3% of total transactions in 2019)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)